How They Share N523bn in April, 2010

As part of the two allocations at the meeting of the Federation Account Allocation Committee (FAAC) in April, 2010 theEconomic Confidential magazine provides here the distribution of a total sum of N523 billion being the Statutory and VAT allocations shared to all tiers of government. Other allocations are in Fact and Figures pages. From the total disbursement of nets after deductions, the highest recipients are from the oil producing states with Akwa Ibom receiving N17.6bn, Rivers N17.1bn, Delta N15.7bn, Bayelsa 6.4b The highest recipients from non-oil –producing states are Lagos N11.8n and Kano N9.1bn.

The lowest recipients as revealed in the table below are Gombe N3.4bn, Nasarawa N3.5bn, Ebonyi N3.7bn and Ekiti N3.7bn. The Economic Confidential can also confirm other disbursements in March 2010: Federal N167.9bn, FCT Councils N1.2b, Nigerian Customs Service (NCS) N1.5bn, and Federal Inland Revenue Service (FIRS) N3.8bn.Please check Facts and Figures of this magazine to see the other distribution of N339.6bn from the excess crude proceeds to the State governments and Local Government councils.

STATES

NO OF L/GOV

GROSS STATUTORY REVENUE

NET STATUTORY REVENUE

VAT SHARED

GROSS STATUTORY REVENUE

NET STATUTORY REVENUE

NET VAT TO L/GOV

TOTAL PAID (5+6+8+9)

=N=

=N=

=N=

=N=

=N=

=N=

=N=

1

ABIA

17

2,742,881,112.94

2,534,565,705.07

489,356,585.14

1,367,695,799.56

1,367,695,799.56

291,733,821.03

4,683,351,910.79

2

ADAMAWA

21

2,289,117,056.29

1,805,143,918.31

510,272,731.97

1,760,091,344.42

1,760,091,344.42

349,062,611.14

4,424,570,605.84

3

AKWA IBOM

31

14,688,557,526.51

14,311,470,107.49

544,983,613.32

2,321,206,417.76

2,321,206,417.76

481,527,637.05

17,659,187,775.63

52

ANAMBRA

21

2,312,184,988.73

2,207,279,139.90

556,972,937.95

1,744,781,813.80

1,744,781,813.80

381,996,840.10

4,891,029,731.75

5

BAUCHI

20

2,681,722,998.48

2,533,670,876.66

585,241,880.20

2,017,952,515.02

2,017,952,515.02

390,361,364.39

5,527,226,636.28

6

BAYELSA

8

6,944,880,768.55

6,078,507,619.47

445,824,336.20

742,434,837.91

742,434,837.91

162,882,544.01

6,429,649,337.59

7

BENUE

23

2,471,909,747.80

2,118,168,119.42

555,094,959.05

2,051,848,068.45

2,051,848,068.45

402,672,742.77

5,127,783,889.69

8

BORNO

27

2,727,412,595.18

2,707,534,440.40

575,013,773.75

2,358,136,791.56

2,358,136,791.56

457,335,103.42

6,098,020,109.13

9

CROSS RIVER

18

2,148,901,785.49

1,994,722,066.74

506,447,896.22

1,465,418,325.74

1,465,418,325.74

312,955,262.78

4,279,543,541.48

10

DELTA

25

13,086,214,639.13

12,672,321,892.68

633,130,374.68

1,936,899,777.78

1,936,899,777.78

469,937,923.29

15,712,289,968.43

11

EBONYI

13

1,897,766,811.50

1,814,188,593.73

457,041,160.96

1,044,010,983.75

1,044,010,983.75

225,959,129.62

3,541,199,868.05

12

EDO

18

2,955,062,524.41

2,740,313,973.81

589,970,132.02

1,466,721,991.88

1,466,721,991.88

364,199,053.34

5,161,205,151.05

13

EKITI

16

1,914,292,721.64

1,874,272,942.38

456,682,133.51

1,193,108,266.30

1,193,108,266.30

259,231,645.56

3,783,294,987.74

14

ENUGU

17

2,159,781,789.01

1,967,536,463.52

517,976,297.29

1,413,606,525.40

1,413,606,525.40

310,894,652.47

4,210,013,938.68

15

GOMBE

11

2,030,279,785.19

1,757,982,304.56

456,964,218.70

1,031,605,690.43

1,031,605,690.43

204,652,008.15

3,450,108,211.84

16

IMO

27

2,983,838,614.75

2,373,498,335.68

551,049,499.10

2,048,798,648.39

2,048,798,648.39

442,003,826.39

5,413,350,309.56

17

JIGAWA

27

2,532,727,857.52

2,195,144,101.27

602,588,859.28

2,147,405,400.59

2,147,405,400.59

474,711,084.63

5,419,894,445.77

18

KADUNA

23

2,886,678,605.77

2,704,233,468.33

673,310,496.37

2,303,234,164.85

2,303,234,164.85

482,327,792.36

6,163,105,921.91

19

KANO

44

3,617,778,817.69

3,529,084,956.95

964,060,422.88

3,779,928,923.46

3,779,928,923.46

898,700,128.19

9,171,774,431.49

7

KATSINA

34

2,751,310,730.36

2,488,157,817.34

641,459,603.79

2,763,632,076.41

2,763,632,076.41

580,814,636.59

6,473,964,134.12

21

KEBBI

21

2,301,310,490.85

1,587,350,071.99

505,933,925.58

1,716,634,026.55

1,716,634,026.55

346,852,746.09

4,156,770,770.21

22

KOGI

21

2,295,566,617.08

1,958,112,638.21

521,574,211.93

1,779,234,917.83

1,779,234,917.83

356,334,042.55

4,615,257,810.52

23

KWARA

16

2,091,877,689.43

2,066,664,415.30

262,330,075.86

1,368,407,266.34

1,368,407,266.34

262,514,239.91

3,957,915,997.41

.

LAGOS

20

3,268,020,018.84

2,625,955,288.71

4,313,015,973.10

2,296,042,374.42

2,296,042,374.42

2,624,168,493.03

11,859,132,129.26

25

NASSARAWA

13

1,959,984,185.24

1,769,841,271.53

438,552,910.88

1,093,418,906.56

1,093,418,906.56

213,391,550.35

3,505,264,639.32

26

NIGER

25

2,676,921,495.66

2,233,474,474.27

552,524,507.22

2,215,768,694.39

2,215,768,694.39

421,359,068.14

5,423,126,744.01

27

OGUN

20

2,237,267,984.25

2,182,022,672.76

546,394,421.69

1,639,626,147.18

1,639,626,147.18

361,986,154.77

4,729,028,398.30

28

ONDO

18

4,622,616,619.39

4,487,300,105.57

529,279,262.51

1,513,459,684.31

1,513,459,684.31

329,346,803.26

5,859,385,855.66

29

OSUN

30

2,121,930,957.19

2,062,385,568.77

525,366,721.49

2,062,573,429.07

2,062,573,429.07

456,523,237.76

5,106,838,957.09

30

OYO

33

2,673,376,752.13

2,328,444,607.54

685,372,763.10

2,637,488,276.48

2,637,488,276.48

595,027,042.16

6,246,332,689.28

31

PLATEAU

17

2,245,101,552.98

1,933,861,233.19

512,094,249.09

1,609,733,057,91

1,609,733,057,91

307,000,035.99

4,262,688,636.18

32

RIVERS

23

13,717,526,390.29

13,478,798,104.34

1,018,928,120,93

1,976,924,328.90

1,976,924,328.90

682,798,344.75

17,157,448,898.92

33

SOKOTO

23

2,386,724,608.23

2,359,279,908.95

528,722,672.57

1,895,080,211.01

1,895,080,211.01

384,334,569.69

5,167,417,362.22

34

TARABA

16

2,260,694,737.91

2,249,295,979.93

464,793,780.71

1,508,517,796.78

1,508,517,796.78

263,612,712.28

4,486,220,269.69

35

YOBE

17

2,243,667,077.31

2,194,331,972.59

461,252,811.40

1,462,894,515.64

1,462,894,515.64

272,419,299.92

4,390,898,599.55

36

ZAMFARA

14

2,250,488,562.90

1,916,191,311.46

504,657,307.70

1,373,397,290.21

1,373,397,290.21

270,609,042.38

4,064,355,451.75

37

FCT-ABUJA

6

0.00

0.00

0.00

584,461,572.50

584,461,572.50

625,320,109.32

1,209,781,681.83

38

STATE’S-TOTAL

774

129,176,278,116.63

118,831,106,528.82

23,682,226,128.03

65,587,981,849.53

65,587,981,849.53

16,717,558,289.62

224,818,872,795.99

39

FGN

164,607,156,953.17

161,230,186,742.57

6,687,023,315.85

0.00

0.00

0.00

167,917,210,058.42

0

FCT-ABUJA

3,119,779,156.24

2,945,365,436.49

477,644,622.56

0.00

0.00

0.00

3,423,009,959.05

41

Less:Cost of Collection-NCS

1,534,140,541.83

1,534,140,541.83

0.00

0.00

0.00

0.00

1,534,140,541.83

42

Transfer to Excess Crude Acct

40,586,752,208.13

40,587,752,208.13

0.00

0.00

0.00

0.00

40,587,752,208.13

43

Less: 4%Cost of Collection – FIRS VAT

1,862,663,383.61

1,862,663,383.61

1,990,200,106.74

0.00

0.00

0.00

3,852,863,490.35

44

Transfer from Excess Domestic to Sub

25,000,000,000.00

25,000,000,000.00

0.00

0.00

0.00

0.00

25,000,000,000.00

45

TOTAL DEDUCTION

0.00

0.00

200,000,000.00

0.00

0.00

0.00

14,096,555,517.16

46

47

Local

Government

Duplicated VAT Remittance

0.00

65,587,981,849.53

0.00

65,587,981,849.53

350,305.61

16,717,558,289.62

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

350,305.61

49

Excess Revenue

41,848,221,653.30

41,848,221,653.30

0.00

0.00

0.00

0.00

41,848,221,653.30

GRANDTOTAL

473,323,973,861.43

473,323,973,861.43

49,765,002,668.40

65,587,981,849.53

65,587,981,849.53

16,717,558,289.62

523,078,976,529.83

This table is provided by the Economic Confidential (www.economiconfidential) Other tables in other pages of the magazine.